Answer / muhammad ramzan

cost accounting is important for knowing real cost of a
product,controlling abnormal wastages, etc in a company.
managers intensely rely on work of cost accountants for
internal decision making like make or buy product, etc.

Answer / ali raza

Re: difference Between Cost Accounting and Financial
Accounting?
Answer
# 3 financial accounting its recorded business transaction
books of a/c's. that operating result of particular period
and financial positon on a particular date can be known.

cost accounting refers to cost of production and job
undertaken by the firm.
0 Chandrasekar


Re: difference Between Cost Accounting and Financial
Accounting?
Answer
# 4 Cost accounting is related to calculate the cost of
materails, labour, overheads and cost of related jobs and
contracts.In company cost Accounting helps to calculate the
real cost of production but finacial accounting is
associated with maintaining the accounts in the company it
maintains the flow of funds in the company.

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